Determine the balance of miscellaneous expense


Response to the following problem:

At the end of the current month, Tomas Lott prepared a trial balance for AAA Rescue Service. The credit side of the trial balance exceeds the debit side by a significant amount.

Tomas has decided to add the difference to the balance of the miscellaneous expense account in order to complete the preparation of the current month's financial statements by a 5 o'clock deadline. Tomas will look for the difference next week when he has more time.

Discuss whether Tomas is behaving in a professional manner.

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Accounting Basics: Determine the balance of miscellaneous expense
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